Why Dendreon, Fortuna Silver, and Juniper Networks Soared Today

The stock market plunged on fears that returns in 2014 won't be able to match last year's strong performance. But many individual stocks defied the big plunge, with Dendreon jumping 9%, Fortuna Silver rising 13%, and Juniper Networks up 7.5%. Find out more about what made these stocks soar.

Jan 13, 2014 at 8:01PM

Although we don't believe in timing the market or panicking over daily movements, we do like to keep an eye on market changes -- just in case they're material to our investing thesis.

Monday was an ugly day for the stock market, with major benchmarks posting their worst performance of the young new year amid fears about earnings season and the prospects for much less impressive gains for stocks in 2014. Yet even with a host of negative warnings from some major stocks, Dendreon (NASDAQ:DNDN), Fortuna Silver (NYSE:FSM), and Juniper Networks (NYSE:JNPR) were able to defy the Street's malaise and post big gains.

Winning

Source: Tax Credits, Flickr.

Dendreon rose 9% after giving a rare positive preliminary report on its fourth-quarter results this morning. The maker of prostate cancer treatment Provenge said overall product revenue for the quarter jumped more than 10% from the previous quarter, to $74.8 million, with substantial growth in its oncology segment and more modest gains for its urology business. Despite Dendreon's success in preserving cash and minimizing expenses, the true test for the stock looking ahead will be whether Provenge picks up more business and can push the company toward profitability. Without such a push, today's gains will likely be short-lived.

Fortuna Silver climbed 13% after the silver miner reported record production figures of 5.9 million silver-equivalent ounces from its two mines in Mexico and Peru. The company also said it expects 30% growth from its silver production and more than 50% growth in gold production for 2014, with all-in cash cost estimates of $17.14 per silver ounce. That's perilously close to the current price of silver, but the price represents about a 19% drop, helping Fortuna's fortunes going forward.

Juniper Networks posted a 7.5% gain after the networking company was targeted by hedge fund Elliott Management. Elliott, which has a 6% stake in Juniper, said it believes that its three-pronged approach to strengthening the business could send the stock to $35-$40 per share, about 40%-60% higher than current levels. Between cost-cutting, proposed stock buybacks, and realigning its business focus to de-emphasize certain business lines, Elliott's plan would involve major changes for Juniper, but perhaps the most interesting twist comes from the fact that Elliott offered to buy Juniper competitor Riverbed Technology (NASDAQ:RVBD) for $3.1 billion last week.

Growth on a down day? It IS possible
They said it couldn't be done. But David Gardner has proved them wrong time, and time, and time again with stock returns like 926%, 2,239%, and 4,371%. In fact, just recently one of his favorite stocks became a 100-bagger. And he's ready to do it again. You can uncover his scientific approach to crushing the market and his carefully chosen 6 picks for ultimate growth instantly, because he's making this premium report free for you today. Click here now for access.

Fool contributor Dan Caplinger has no position in any stocks mentioned. You can follow him on Twitter @DanCaplinger. The Motley Fool owns shares of Riverbed Technology. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

1 Key Step to Get Rich

Our mission at The Motley Fool is to help the world invest better. Whether that’s helping people overcome their fear of stocks all the way to offering clear and successful guidance on complicated-sounding options trades, we can help.

Feb 1, 2016 at 4:54PM

To be perfectly clear, this is not a get-rich action that my Foolish colleagues and I came up with. But we wouldn't argue with the approach.

A 2015 Business Insider article titled, "11 websites to bookmark if you want to get rich" rated The Motley Fool as the #1 place online to get smarter about investing.

"The Motley Fool aims to build a strong investment community, which it does by providing a variety of resources: the website, books, a newspaper column, a radio [show], and [newsletters]," wrote (the clearly insightful and talented) money reporter Kathleen Elkins. "This site has something for every type of investor, from basic lessons for beginners to investing commentary on mutual funds, stock sectors, and value for the more advanced."

Our mission at The Motley Fool is to help the world invest better, so it's nice to receive that kind of recognition. It lets us know we're doing our job.

Whether that's helping the entirely uninitiated overcome their fear of stocks all the way to offering clear and successful guidance on complicated-sounding options trades, we want to provide our readers with a boost to the next step on their journey to financial independence.

Articles and beyond

As Business Insider wrote, there are a number of resources available from the Fool for investors of all levels and styles.

In addition to the dozens of free articles we publish every day on our website, I want to highlight two must-see spots in your tour of fool.com.

For the beginning investor

Investing can seem like a Big Deal to those who have yet to buy their first stock. Many investment professionals try to infuse the conversation with jargon in order to deter individual investors from tackling it on their own (and to justify their often sky-high fees).

But the individual investor can beat the market. The real secret to investing is that it doesn't take tons of money, endless hours, or super-secret formulas that only experts possess.

That's why we created a best-selling guide that walks investors-to-be through everything they need to know to get started. And because we're so dedicated to our mission, we've made that available for free.

If you're just starting out (or want to help out someone who is), go to www.fool.com/beginners, drop in your email address, and you'll be able to instantly access the quick-read guide ... for free.

For the listener

Whether it's on the stationary exercise bike or during my daily commute, I spend a lot of time going nowhere. But I've found a way to make that time benefit me.

The Motley Fool offers five podcasts that I refer to as "binge-worthy financial information."

Motley Fool Money features a team of our analysts discussing the week's top business and investing stories, interviews, and an inside look at the stocks on our radar. It's also featured on several dozen radio stations across the country.

The hosts of Motley Fool Answers challenge the conventional wisdom on life's biggest financial issues to reveal what you really need to know to make smart money moves.

David Gardner, co-founder of The Motley Fool, is among the most respected and trusted sources on investing. And he's the host of Rule Breaker Investing, in which he shares his insights into today's most innovative and disruptive companies ... and how to profit from them.

Market Foolery is our daily look at stocks in the news, as well as the top business and investing stories.

And Industry Focus offers a deeper dive into a specific industry and the stories making headlines. Healthcare, technology, energy, consumer goods, and other industries take turns in the spotlight.

They're all informative, entertaining, and eminently listenable ... and I don't say that simply because the hosts all sit within a Nerf-gun shot of my desk. Rule Breaker Investing and Answers contain timeless advice, so you might want to go back to the beginning with those. The other three take their cues from the market, so you'll want to listen to the most recent first. All are available at www.fool.com/podcasts.

But wait, there's more

The book and the podcasts – both free ... both awesome – also come with an ongoing benefit. If you download the book, or if you enter your email address in the magical box at the podcasts page, you'll get ongoing market coverage sent straight to your inbox.

Investor Insights is valuable and enjoyable coverage of everything from macroeconomic events to investing strategies to our analyst's travels around the world to find the next big thing. Also free.

Get the book. Listen to a podcast. Sign up for Investor Insights. I'm not saying that any of those things will make you rich ... but Business Insider seems to think so.


Compare Brokers